https://www.taxtmi.com/caselaws?id=44534 The High Court ruled in favor of the Union of India, stating that the Company's obligation to return the amount deposited by the Department was a statutory duty following a Supreme Court precedent. The Court directed the Bank to deposit the owed sum to the Union of India, allowing the Bank to choose between court deposit or direct payment to the government. This decision clarified that the Company's repayment was not a preferential treatment but a result of the litigation outcome, emphasizing statutory and judicial obligations. en-us Mon, 22 Jul 1996 00:00:00 +0530 Mon, 27 Feb 2012 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44534 The High Court ruled in favor of the Union of India, stating that the Company's obligation to return the amount deposited by the Department was a statutory duty following a Supreme Court precedent. The Court directed the Bank to deposit the owed sum to the Union of India, allowing the Bank to choose between court deposit or direct payment to the government. This decision clarified that the Company's repayment was not a preferential treatment but a result of the litigation outcome, emphasizing statutory and judicial obligations. Case-Laws Central Excise Mon, 22 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44534